Upstream news

The Permian Basin has systematically increased its market share in nationwide horizontal oil drilling in the US, reaching 74% as of last week, according to analysis by Rystad Energy of Baker Hughes data.

The scope of the agreement extends, but is not limited, to offshore trunklines.

Oil prices rose this morning on indications that the global oil market is getting balanced soon, as supply cuts seem to meet the gradual demand rebound.

The agreement has been made with an unnamed company.

The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.

The Skogul field is located in the immediate vicinity of the Vilje field, in which PGNiG Upstream Norway has a 24.24% share.

The Rowan Norway mobile facility will be used for the plugging and abandonment of six wells in the Ekofisk field.

The Mako field's 2C (contingent) recoverable resource estimates have been increased to 495 billion ft3, an increase of approximately 79% compared with a 2019 audit.

The rig time was reduced from seven days on a conventionally drilled well to four days using Neodrill's CAN technology.

Eigen and Wintershall Dea have extended their partnership to deploy the principal integration, visualisation and management platform for production engineers at the oil and gas company’s Brage oilfield.